The words debit and credit are used in two ways in accounting: ''to debit an account'' and

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The words debit and credit are used in two ways in accounting: ''to debit an account'' and ''a debit balance.'' Explain both usages of the terms debit and credit.

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Question Posted: Sep 22, 2015 02:28 AM

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The words debit and credit are used in two ways in accounting: ''to debit an account'' and

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To debit an account means to add an amount to the left side of that ...View the full answer

Cornerstones of Financial and Managerial Accounting

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